Contact us: 563.441.1776
Description
Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 3,994
County: Cook
Listed By:
Sound Realty, LLC
773-779-1188
MRED MLS
MLS ID: 12691638
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1526 W 89th Street , Chicago, IL 60620.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $525,000 | $525,000 | $525,000 |
| Down Payment | $105,000 | $18,375 | $131,250 |
| Monthly Mortgage Amount | $2,552 | $3,132 | $3,243 |
| Taxes | $731 | $731 | $731 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $231 | $0 |
| Monthly Estimated Total | $3,436 | $4,247 | $4,127 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/30/2026. The listing information on this page last changed on 06/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 06/30/2026 1:42:31 AM EST) or MRED MLS (last updated Tue 06/30/2026 1:36:27 AM EST) or SCWMLS (last updated Mon 06/29/2026 11:54:38 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 06/29/2026 10:15:40 PM EST) or Cedar Rapids MLS (last updated Mon 06/29/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Tue 06/30/2026 1:18:40 AM EST) or ICAAR MLS (last updated Mon 06/29/2026 11:37:32 PM EST) or ECIMLS (last updated Mon 06/29/2026 11:44:16 PM EST) or RMLSA (last updated Tue 06/30/2026 1:10:55 AM EST) or Muscatine MLS (last updated Tue 06/30/2026 1:30:09 AM EST) or No Coast MLS (last updated Tue 06/30/2026 12:44:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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